News Details
Marussia enters administration
Marussia is now being managed by administrators, mere days after Caterham's management accepted the same fate, UK insolvency experts FRP Advisory have taken over Manor Grand Prix Racing Limited, which in Formula 1 is known as Marussia.
In a statement, FRP Advisory said Marussia's 'existing shareholder' is 'unable' to continue funding the team.
The statement confirmed that it is financially 'not viable' for the team to race in Austin this weekend.
As for the last two grands prix of 2014, in Brazil and Abu Dhabi, whether Marussia returns depends 'on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity',...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Marussia administration statement in full
The statement issued by FRP Advisory LLP, the administrators of the...
10y ago from Pitpass.com
Marussia follow Caterham into administration
The Marussia Formula One team have followed rivals Caterham into...
10y ago from SuperSport.com
Marussia placed into administration
– The Marussia Formula 1 team has been placed into administration...
10y ago from GPUpdate.net
Marussia and Caterham set to miss Austin roundMarussia...
Max Chilton (GBR) Marussia F1 Team MR03.
Formula One World Championship,...
10y ago from Formula1.com
Elsewhere On The Network
Popular On MGPToday.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
1d ago from Motorsport.com
The consequences of Toprak Razgatlioglu's arrival in...
No description available...
1d ago from Motorsport.com
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
2d ago from Motorsport.com
Joan Mir will ‘go to bed satisfied' after...
Joan Mir admitted that he will "go to bed satisfied" after...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin looking to rebound after ‘lowest...
Scott McLaughlin is hopeful that he can quickly bounce back from his...
19h ago from MotorsportWeek.c...
Louis Foster gains new sponsor for rest of IndyCar...
Rahal Letterman Lanigan Racing rookie Louis Foster will sport a new look...
2d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1h ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
2d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Contact made: Aston Villa open club-to-club talks to...
Aston Villa are reportedly now in club-to-club talks with Real Betis over...
42m ago from CaughtOffside.com
Transfer is on: Liverpool fans will be rubbing their...
Liverpool and Arsenal have been handed an opportunity to beat Chelsea to...
1h ago from CaughtOffside.com
'His name is mentioned a lot' – Arsenal star...
Arsenal centre-back Gabriel Magalhaes has suggested that he's been open...
1h ago from CaughtOffside.com
Man Utd & Arsenal on red alert after Benjamin...
Benjamin Sesko's career path seems set: a move to the Premier League is...
2h ago from CaughtOffside.com
Comments
Hottest News
Another secret of McLaren dominance unearthed
Jun.13 Another secret of McLaren's dominance... Read More »
52m ago from OneStopStrategy.com
Charles Leclerc addresses bombshell Ferrari exit rumour
Charles Leclerc has addressed the stunning... Read More »
4h ago from RacingNews365.com
Sainz watching latest Ferrari ‘chaos' as outsider
Jun.13 For the first time in several years,... Read More »
52m ago from OneStopStrategy.com
